Brexit anxiety hits UK job market

Wages fall for 3rd consecutive month, as UK employers keep a lid on a pay rises Total advertised vacancies this September sit at 1 143 386 — stalling over the summer and full time vacancies down 7 percent year-on-year South West England saw average advertised salaries shoot up 7,5 percent, …

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PPC calms the market

Prosper Ndlovu Bulawayo Bureau The country’s largest cement manufacturer, PPC Zimbabwe, has said the market has no reason to engage in panic buying of cement and advised retailers to act responsibly in pricing the commodity to avoid distorting the market. Managing director Mr Kelibone Masiyane said the perceived shortage was …

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IDBZ gets $150m capital injection

Business Reporter The Government has injected $150 million equity capital into the Infrastructure Development Bank of Zimbabwe to help the institution discharge its mandate of providing long and medium term funding for key infrastructure projects. The Government is the majority shareholder in IDBZ and it last injected $18 million as …

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Cotton helps Zim save $20m forex

Africa Moyo ZIMBABWE has saved $20 million this year through the use of locally ginned seed in cooking oil and stock feed manufacturing, said Cottco managing director Pious Manamike. Mr Manamike said this last week during the 6th Annual Agribusiness Conference in Harare. This must come as good news to …

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ZSE trades positive in August

Golden Sibanda Senior Business Reporter MARKET capitalisation on the Zimbabwe Stock Exchange grew by 2,33 percent in August driven by gains in heavyweights Delta and Innscor. Year to date the market capitalisation at $12,47 billion, has grown by nearly 25 percent. Meanwhile turnover on the ZSE dropped 57,27 percent to …

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‘Promote African tourism’

Ishemunyoro Chingwere Business Reporter Ghanaian buyers who are in the country for this year’s edition of Sanganai/Hlanganani World Travel and Tourism Expo, have said African tourist destinations should champion an “Africa for Africa” strategy as a way of boosting continental visits. This year’s edition of the Expo will be held …

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Buyanga to establish youth fund

Business Reporter South Africa based Zimbabwean businessman Frank Buyanga, plans to establish a fund to empower youths in the country and also help capitalise the sovereign wealth fund (SWF). According to reports from South Africa yesterday, the entrepreneur said this was in response to calls by the new administration of …

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Farmers, veld fire preparedness

Veld fires have become one of Zimbabwe’s greatest environmental challenges for the past decade, mostly affecting the farming community. These are blazes that get out of control, become wild, and in the process destroy extensive tracts of forests, grasslands, animals, people and their properties. This burning has negative impacts on …

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SA rand slumps

JOHANNESBURG. — South Africa’s rand fell more than 2 percent yesterday and government bonds fell, after the economy slipped into a recession in the second quarter. At 0944 GMT, the rand traded 2,25 percent weaker at 15,2150 versus the dollar. The economy contracted by 0,7 percent in the second quarter, …

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Business

BENGALURU. — Gold prices edged down yesterday as the dollar hit a more-than-one-week high on the back of intensifying global trade tensions and economic worries in emerging markets. The yellow metal is down about 8 percent this year amid rising US interest rates, trade disputes and the Turkish currency crisis, …

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